As we say hello to the cooler weather we also head towards the end of another financial year. Now is a good time to revisit your tax and financial affairs to see if any changes need to be made before financial year 2023 closes.
Some things to think about are whether you are eligible and want to pay additional super, do you have any expenses you want to claim this year and do you have any capital gains or losses that could be utilised in a tax effective way.
If you bought a rental property, has your depreciation schedule been prepared?
With your business do an estimate of your profit and look at whether you want to delay (or bring forward) some income and expenses.
We are here to assist so please contact us today to discuss anything you are considering or unsure of.
The team and Downs Accounting.